135 High Street Lochee Dundee DD2 3BX

135 High Street
Lochee
Dundee
DD2 3BX

Heritable Shop Investment

  • Town centre location close to Stack Leisure Park
  • New 10 year lease from April 2018 (1)
  • Business Rates Relief may apply (2)
  • VAT-free investment
  • Lot
    90
  • Auction
    11th July 2018
  • Rent
    £12,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £90,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Mapeley
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Shop Investment

  • Town centre location close to Stack Leisure Park
  • New 10 year lease from April 2018 (1)
  • Business Rates Relief may apply (2)
  • VAT-free investment
  • Lot 90
  • Auction 11th July 2018
  • Rent
  • Status Sold
  • Price £90,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Mapeley

Property Information

Location
Miles
2 miles north-west of Dundee City Centre
20 miles east of Perth
45 miles north of Edinburgh
14 miles north of St Andrews
Roads
A90, A92
Rail
Dundee Railway Station
Air
Dundee Airport
Situation

Lochee is a suburb two miles north-west of Dundee city centre. The property is located in Lochee town centre on High Street, close to its junction with Methven Street. The Stack Leisure Park is located 100 metres to the east, where occupiers include Aldi, Gala, The Range, The Gym and Smyths. To the west there are 2 car parks located close by. Occupiers close by on High Street include William Hill, Ladbrokes, Poundstretcher, Boots, Semi-Chem, Greggs, Farmfoods and PDSA.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
2 miles north-west of Dundee City Centre
20 miles east of Perth
45 miles north of Edinburgh
14 miles north of St Andrews
Roads
A90, A92
Rail
Dundee Railway Station
Air
Dundee Airport
Situation

Lochee is a suburb two miles north-west of Dundee city centre. The property is located in Lochee town centre on High Street, close to its junction with Methven Street. The Stack Leisure Park is located 100 metres to the east, where occupiers include Aldi, Gala, The Range, The Gym and Smyths. To the west there are 2 car parks located close by. Occupiers close by on High Street include William Hill, Ladbrokes, Poundstretcher, Boots, Semi-Chem, Greggs, Farmfoods and PDSA.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a ground floor shop with sales and storage accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with sales and storage accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground Retail
124 sq m
(1,334 sq ft)
ADENSTONE
LIMITED
to trade as Cash
Converters
10 years from
03/04/2018 on full a
repairing and
insuring lease (1)
£12,500 (3) 2023
Total
124 sq m
(1,334 sq ft)     £12,500  

(1) Tenant’s option to determine in 2022 upon six months’ written notice.
(2) Business Rates Relief may apply (Source: www.mygov.scot/business-rates-relief).
(3) There is a six month rent free period for which the vendor will top up the rent, so the buyer effectively receives £12,500 per annum from completion. There is a further three month rent free period from the first anniversary of the term.

Property Documents

  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    598 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Pinsent Masons LLP 141 Bothwell Street
Glasgow
G2 7EQ
Pamela Gorman 0141 567 8674pamela.gorman@pinsentmasons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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